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Mar 30, 2012
03/12
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when this government came to office, the budget deficit stood at over 11%. the state was borrowing one in four of every single pound that it spent. today i can report that the deficit is falling and is forecast to reach 7.6% next year. the share of national income taken by the state will have fallen from almost 48% when we took office to 43% next year. we must stick to the course so there will be no deficit funded giveaways today. but because we've taken difficult decisions, nor do we need to tighten further. over the five-year period this is a fas cally neutral budget and achieved through a modest reduction through taxation and spending. so let me turn to those fiscal forecasts. the whole house will be pleased to know that these have improved a little from the forecasts i presented in november. borrowing this year is set to come in at 126 billion pounds. 1 billion pounds lower than i forecast in the autumn and over 30 billion pounds lower than its peak, the year before we came to office. borrowing will then fall to 120 billion next year, if you exclude the
when this government came to office, the budget deficit stood at over 11%. the state was borrowing one in four of every single pound that it spent. today i can report that the deficit is falling and is forecast to reach 7.6% next year. the share of national income taken by the state will have fallen from almost 48% when we took office to 43% next year. we must stick to the course so there will be no deficit funded giveaways today. but because we've taken difficult decisions, nor do we need to...
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May 16, 2012
05/12
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CSPAN3
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deficits are created by the gap between the revenue and the spending. you can see in this chart that we are at or near a 60-year high on spending. we have come off a little bit off of the 60-year high. we are at or near a 60-year low on revenue. we got to work both sides of the equation. we are at or near a 60-year high on spending. we are at or near a 60-year low on revenue. so what is to be done about it? the public says we ought to have a balanced plan. they say the best way to reduce the federal budget deficit is a combination of additional revenue and spending cuts. 62% say that's what we ought to do. 8% say just increase taxes. 17% say just cut programs. madam president, i was part of the so-call ed bowles-simpson commission. supported the conclusions that called for that kind of an approach. additional revenue but also additional spending cuts. and madam president, that's what the american people says we ought to do. but that is not what our friends on the other side are proposing here. they propose additional tax cuts. dig a hole deeper before y
deficits are created by the gap between the revenue and the spending. you can see in this chart that we are at or near a 60-year high on spending. we have come off a little bit off of the 60-year high. we are at or near a 60-year low on revenue. we got to work both sides of the equation. we are at or near a 60-year high on spending. we are at or near a 60-year low on revenue. so what is to be done about it? the public says we ought to have a balanced plan. they say the best way to reduce the...
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Nov 14, 2012
11/12
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KGO
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that stabilize the deficit, start bringing it down, bringing down the debt. i'm confident we can do it. it's -- and look, i've been living with this for a couple of years now. i know the math pretty well. and -- it -- it really is arithmetic. it's not calculus. there are some tough things that have to be done. there's a way of doing it that doesn't hurt middle-class families. that does not hurt our seniors. families with disabled kids. allows us to continue to invest in things that make us grow like basic research and education. helping young people afford to go to college. as we have heard fromatorcommen modest increase on tax will not break their backes. they'll still be wealthy. it will not impinge of business development. we have to come together and say, democrats and republicans, we're both going to hold hands and do what is right for the american people. i hope that's what happens. with respect to iran, i -- i very much want to see a diplomatic resolution to the problem. i was very clear before the campaign. i was clear during the campaign. i'm now cle
that stabilize the deficit, start bringing it down, bringing down the debt. i'm confident we can do it. it's -- and look, i've been living with this for a couple of years now. i know the math pretty well. and -- it -- it really is arithmetic. it's not calculus. there are some tough things that have to be done. there's a way of doing it that doesn't hurt middle-class families. that does not hurt our seniors. families with disabled kids. allows us to continue to invest in things that make us grow...
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Dec 31, 2012
12/12
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MSNBCW
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eye 140
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part of that is deficit reduction. part of it is also making sure that we're investing for example in rebuilding our infrastructure. which is broken. and if we are putting people back to work rebuilding our roads, our bridges, our schools -- in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, we've got a huge opportunity around energy. we are producing more energy and america can become an energy exporter. how do we do that in a way that also deals with some of the environmental challenges that we have at the same time. so that's going to be a third thing. but the most immediate thing i've got to do, starting on january 1st, if congress doesn't act before the end of the year, is make sure that taxes are not going up on middle class families. and because it is going to be very hard for the economy to sustain its current growth trends if suddenly
part of that is deficit reduction. part of it is also making sure that we're investing for example in rebuilding our infrastructure. which is broken. and if we are putting people back to work rebuilding our roads, our bridges, our schools -- in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, we've got a huge...
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the deficits are an economic phenomenon not a policy phenomenon the deficit got to where it is because economic growth contract and so sharply ok if the economy were to grow at historically that's the only way to eliminate deficits if the economy were to grow the deficit were to shrink so it's not a policy decision that creates the deficit it's an economic phenomenon that creates the deficit the second part of your question i didn't really follow ok well then let's let's maybe you can follow this more closely because it's something that i know you will have a strong opinion on a lot of people are wondering about q.e. if there is going to be a killing three you have people reading the tea leaves with that very fact governor's comments that have come out why and badly said something about it today . surely you don't think that more q. we would be a good thing might well yeah no i do not and i guess it's something that we agree on more in and here's why q. we really functions like a tax and the reason that it's true is because it removes interest income from the private sector think about
the deficits are an economic phenomenon not a policy phenomenon the deficit got to where it is because economic growth contract and so sharply ok if the economy were to grow at historically that's the only way to eliminate deficits if the economy were to grow the deficit were to shrink so it's not a policy decision that creates the deficit it's an economic phenomenon that creates the deficit the second part of your question i didn't really follow ok well then let's let's maybe you can follow...
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Nov 14, 2012
11/12
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WMAR
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that stabilize the deficit, start bringing it down, bringing down the debt. i'm confident we can do it. it's -- and look, i've been living with this for a couple of years now. i know the math pretty well. and -- it -- it really is arithmetic. it's not calculus. there are some tough things that have to be done. there's a way of doing it that doesn't hurt middle-class families. that does not hurt our seniors. families with disabled kids. allows us to continue to invest in things that make us grow like basic research and education. helping young people afford to go to college. as we have heard fromatorcommen modest increase on tax will not break their backes. they'll still be wealthy. it will not impinge of business development. we have to come together and say, democrats and republicans, we're both going to hold hands and do what is right for the american people. i hope that's what happens. with respect to iran, i -- i very much want to see a diplomatic resolution to the problem. i was very clear before the campaign. i was clear during the campaign. i'm now cle
that stabilize the deficit, start bringing it down, bringing down the debt. i'm confident we can do it. it's -- and look, i've been living with this for a couple of years now. i know the math pretty well. and -- it -- it really is arithmetic. it's not calculus. there are some tough things that have to be done. there's a way of doing it that doesn't hurt middle-class families. that does not hurt our seniors. families with disabled kids. allows us to continue to invest in things that make us grow...
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Dec 3, 2012
12/12
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FOXNEWSW
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his own deficit reduction commission. he knows what our proposals are, he knows what we are throwing do. what we don't know, chris, is what is the president willing to do? >> well, let me ask you specifically about that. is it true, because it's been said but we've never seen a piece of paper; it true that the president offered to raise the eligibility age for medicare and to slow cost of living adjustments for social security what you were in your debt talks in august ofs2011. >> it was on the table. did the president agree to it? it may have been close to an agreement to it. if he agreed to it we might not have some problem today. >> is that on the table now. of course, it's on the table. >> no, is it on the table from their point of view. >> well, there are a lot of items on the table. the president knows what they are. the question is what are they willing to do. >> you are starting it have some political problems because you are starting to have some split necessary your ranks. i don't have to tell you one of the top
his own deficit reduction commission. he knows what our proposals are, he knows what we are throwing do. what we don't know, chris, is what is the president willing to do? >> well, let me ask you specifically about that. is it true, because it's been said but we've never seen a piece of paper; it true that the president offered to raise the eligibility age for medicare and to slow cost of living adjustments for social security what you were in your debt talks in august ofs2011. >>...
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Dec 31, 2012
12/12
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MSNBCW
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eye 125
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part of that is deficit reduction. part of it is also making sure that we're investing for example in rebuilding our infrastructure. which is broken. and if we are putting people back to work rebuilding our roads, our bridges, our schools -- in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, we've got a huge opportunity around energy. we are producing more energy and america can become an energy exporter. how do we do that in a way that also deals with some of the environmental challenges that we have at the same time? so that's going to be a third thing. but the most immediate thing i've got to do, starting on january 1st, if congress doesn't act before the end of the year, is make sure that taxes are not going up on middle class families. and because it is going to be very hard for the economy to sustain its current growth trends if suddenly
part of that is deficit reduction. part of it is also making sure that we're investing for example in rebuilding our infrastructure. which is broken. and if we are putting people back to work rebuilding our roads, our bridges, our schools -- in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, we've got a huge...
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Jun 14, 2012
06/12
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CSPAN3
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eye 101
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things, we can speed up economic growth, add jobs in a hurry, without raising taxes or adding to the deficit. so i'd first like to focus my remarks on the issues of innovation, and if you get "the wall street journal" today and major through it, you'll find a big full-page ad that we have in there on innovation. in fact, each couple of months we have one of those for one of the parts of our jobs and growth plan. the innovation system is what keeps our economy humming. our businesses competitive and hiring, our manufacturers producing, our standard of living improving, and our wages and benefits high. very simply, if we want to spur a strong and sustainable recovery, america must ignite the innovation boom again and still further. we must start by developing and attaining world-class tall loept. because human capital is the primary driver of innovation. first, we need to develop the hometown talent. it's no secret that america's k-12 schools in many places are falling far behind our global competitors. what's most alarming is that our primary area of weakness is also the most vital to innovat
things, we can speed up economic growth, add jobs in a hurry, without raising taxes or adding to the deficit. so i'd first like to focus my remarks on the issues of innovation, and if you get "the wall street journal" today and major through it, you'll find a big full-page ad that we have in there on innovation. in fact, each couple of months we have one of those for one of the parts of our jobs and growth plan. the innovation system is what keeps our economy humming. our businesses...
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May 1, 2012
05/12
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CSPAN3
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those all across america and at the same time provides the kind of deficit reduction that we have. so we're addressing the needs of american agriculture, and don't forget it's 16 million jobs. thank you very much for all of your support and help getting to this point. the meeting's adjourned. >>> with congress on break there week, we're featuring some of american history tv's weekend programs in primetime here on c-span3. tonight a look at the fight against slavery. starting at 8:00 p.m. eastern, a republican congressman and abolitionist owen lovejoy who used his home as a stop on the underground railroad. at 9:00, a history professor teaches a class on the early 19th century abolitionist and women's suffrage movements at ohio state university. at 10:30 p.m., abolitionist john willis menard, elected to the u.s. congress in 1868. and although never seated, was the first african-american to address the house chamber. american history tv in primetime all this week on c-span3. and on our companion network, c-span2, book tv's weekend programs in primetime. tonight a look at some of the
those all across america and at the same time provides the kind of deficit reduction that we have. so we're addressing the needs of american agriculture, and don't forget it's 16 million jobs. thank you very much for all of your support and help getting to this point. the meeting's adjourned. >>> with congress on break there week, we're featuring some of american history tv's weekend programs in primetime here on c-span3. tonight a look at the fight against slavery. starting at 8:00...
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Dec 21, 2012
12/12
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LINKTV
tv
eye 138
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they want to reduce the deficit by cutting spending. earlier the republican came out and said he has the votes. they do not normally say that unless they actually have the votes, but the bill is closer than people expected, so they reset what they have seen. the whip ran into the speaker's office. we do not know what is happening, but perhaps they do not have the votes to pass what they thing would be -- what they think would be a tax increase. it is unlikely they will come to any grand bargain, because the president said he will not sign anything that does not raise taxes on the wealthiest americans. it is interesting, but we will stick around. >> thanks. a rescue official says they have recovered 23 bodies of victims from a boat and sank off the somali coast. 23 people are still missing and presumed to have drowned. officials say the overcrowded boat left the port on tuesday. it capsized 15 minutes into the journey. it is the worst loss of life in the gulf of aden in nearly two years. the end of the world is near according to some fin
they want to reduce the deficit by cutting spending. earlier the republican came out and said he has the votes. they do not normally say that unless they actually have the votes, but the bill is closer than people expected, so they reset what they have seen. the whip ran into the speaker's office. we do not know what is happening, but perhaps they do not have the votes to pass what they thing would be -- what they think would be a tax increase. it is unlikely they will come to any grand...
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May 17, 2012
05/12
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CSPAN3
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eye 163
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way to under mine the sin ritie on deficit reduction. the very fact they would say tax cuts for the wealthy don't have to be offset but investments in the education of our children, medicare for our seniors, any other subject that has to be offset is really a statement of their values. you have to give them credit. they stick with the guy that brought them to the dance and the guy that blout them to the dance is the special interest wealthiest people in our country and willing to deepen the deficit, make us further in debt to china and other countries in order to give a tax break to the wealthiest people in the country and it is not creating jobs. so it is not even a question of sincere we all agree if we have to reduce the deficit, but we don't start by saying let's give a and let's not pay for it and now we're deeper in debt. on another day older and deeper in debt. you're too young to know what that means. >> the democratic leader in the house of representatives nancy pelosi calling for what she called a quick resolution on this debt
way to under mine the sin ritie on deficit reduction. the very fact they would say tax cuts for the wealthy don't have to be offset but investments in the education of our children, medicare for our seniors, any other subject that has to be offset is really a statement of their values. you have to give them credit. they stick with the guy that brought them to the dance and the guy that blout them to the dance is the special interest wealthiest people in our country and willing to deepen the...
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is still part of what was owed deficit struggling to reduce that deficit in catalonia about forty billion euros but here they say they've made deeper and tougher cuts than anywhere else in spain this issue actually earlier this month or so about a million he thought on to the streets in barcelona as a call for independence away from madrid that comes at a very tough time for spain as a whole particularly for the government of prime minister rudd hordes as one m.p.'s dubbed it is a crisis on top of a crisis as they're facing their own problems of deficit reduction and people coming out to the streets in their tens of thousands to protest against how the government is handling austerity measures we've just seen this week protests turned violent the occupy congress movement which started peacefully aim to get a message of and just stared through to him peace and ended in violence of police pushing back the protesters were being hit by battens having a bullets fired in their direction and it's also about sixty people were injured in proceedings about thirty people. detained that's a worrying
is still part of what was owed deficit struggling to reduce that deficit in catalonia about forty billion euros but here they say they've made deeper and tougher cuts than anywhere else in spain this issue actually earlier this month or so about a million he thought on to the streets in barcelona as a call for independence away from madrid that comes at a very tough time for spain as a whole particularly for the government of prime minister rudd hordes as one m.p.'s dubbed it is a crisis on top...
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Dec 31, 2012
12/12
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MSNBCW
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eye 71
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part of that is deficit reduction. part of it is also making sure that we're investing, for example, in rebuilding our infrastructure, which is broken. and, you know, if we are putting people back to work, rebuilding roads, bridges, schools, in part paying for it by some of these broader, long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, you know, we've got a huge opportunity around energy. we are producing more energy, and america can become an energy exporter. how do we do that in a way that also deals with the environmental challenges we have at the same time? so that's going to be a third thing. but the most immediate thing i've got to do, starting on january 1, if congress doesn't act before the end of the year, is to make sure that taxes are not going up on middle class families. because it is going to be very hard for the economy to sustain its current growth trends if suddenly we
part of that is deficit reduction. part of it is also making sure that we're investing, for example, in rebuilding our infrastructure, which is broken. and, you know, if we are putting people back to work, rebuilding roads, bridges, schools, in part paying for it by some of these broader, long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, you know, we've got a huge...
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Nov 27, 2012
11/12
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MSNBCW
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eye 101
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social security, not a penny to the deficit. medicare, he wants $250 million over a quarter of a year. that saves for medicare. and medicaid is more essential now than it's ever been and it's a key part of obama care. i don't know what mr. plouffe was talking about. i think he got the republican talking points mixed up with his. >> that was my first impression when i saw the videotape as well. the question comes up. what are you willing to accept in a deal when it comes to programs like medicare and medicaid? >> look, this december should be about revenues. then we can go on to have discussions about the long-term solvency and where medicare fits in and the changes coming by 2014 as we move ahead with obama care. but revenues have to come first. they should come first because we hold all the ace s. they don't have to worry about their pledge because they are voting to reduce taxes for working americans. they just can't do anything about the millionaires and billionaires and the unearned income, which is going to go back to clint
social security, not a penny to the deficit. medicare, he wants $250 million over a quarter of a year. that saves for medicare. and medicaid is more essential now than it's ever been and it's a key part of obama care. i don't know what mr. plouffe was talking about. i think he got the republican talking points mixed up with his. >> that was my first impression when i saw the videotape as well. the question comes up. what are you willing to accept in a deal when it comes to programs like...
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high dept of spanish steps actually slower than that of germany or britain or many other countries the deficit is it's not very i mean it's not a small thing it's around eight percent probably which is high but it's not a strong nickel it's not terrible the problem with spain is unemployment which is so different thing because the problem with unemployment in spain is not caused by the crisis it has been of aid to stream really by the crisis but it is a structural is something that has to do with the way in which spanish economy works over reliance on the break industry into this an industry cetera all those things will not go away even if the crisis goes away which doesn't seem to be happening now so let's say spain so it's in a different league from that of greece so i don't see how what is happening in greece could happen to spain very soon of course if the crisis go on and the thing can happen but we're talking about different sizes of economy different problems except for. in times of political and economic turmoil it seems new ways are being developed to maintain public order more nowher
high dept of spanish steps actually slower than that of germany or britain or many other countries the deficit is it's not very i mean it's not a small thing it's around eight percent probably which is high but it's not a strong nickel it's not terrible the problem with spain is unemployment which is so different thing because the problem with unemployment in spain is not caused by the crisis it has been of aid to stream really by the crisis but it is a structural is something that has to do...
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have happened anyway but that is a fact when you observe the polls that the issue of the democratic deficit which is become very serious it's a real crisis of democracy now the european level is such that in an op ed in the wall street journal today i call for serious moves to be made to create a united states of europe constructed in a federal way from the bottom up that is to say that it is fully democratically accountable and solvent. good to talk to be very interesting to see how the irish vote on this thank you for joining us live in london thank you bob well that image putin is heading west to talk energy and economics on his first foreign trip since being elected russia's president he'll visit germany and france but the first stop for him is better or worse relations between moscow and minsk became somewhat strained. his presidency but political analysts dimitri babich believes this will change now. if you look at the economic ties between russia and these countries you will see a very clear picture burden is russia's biggest partner in europe and the european union is in general rus
have happened anyway but that is a fact when you observe the polls that the issue of the democratic deficit which is become very serious it's a real crisis of democracy now the european level is such that in an op ed in the wall street journal today i call for serious moves to be made to create a united states of europe constructed in a federal way from the bottom up that is to say that it is fully democratically accountable and solvent. good to talk to be very interesting to see how the irish...
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Aug 22, 2012
08/12
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FOXNEWS
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eye 140
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he campaigned four years ago saying he would cut the deficit in half. that has not happened but the c.b.o. said, also, today, that for the fourth straight year we will see federal budget deficits over $1 trillion a year. that's a big deal. there is also plenty of ballistic missile did go around, leaders in both parties who failed to get a deficit deal a year ago, and, as a result, that is leading to what you mentioned, this fiscal cliff, where we will see likely the bush tax rates expiring at the end of the year, the automatic budget cuts coming in, and the so-called sequestration. and the head of the c.b.o. said we could be headed if a major economic calamity. take a listen. >> if allowed to occur, the sharp reductions in taxes and, rather, reduction in spending, and that will lead to a trimming of the deficit of $500 billion, a significant tightening you have policy and lead, possibly, to a recession next year. >>reporter: a recession, not something the white house wants to hear. here is the really bad news f they got a deal and have a deficit deal in
he campaigned four years ago saying he would cut the deficit in half. that has not happened but the c.b.o. said, also, today, that for the fourth straight year we will see federal budget deficits over $1 trillion a year. that's a big deal. there is also plenty of ballistic missile did go around, leaders in both parties who failed to get a deficit deal a year ago, and, as a result, that is leading to what you mentioned, this fiscal cliff, where we will see likely the bush tax rates expiring at...
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Nov 15, 2012
11/12
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CSPAN
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that requires us to make some big decisions on jobs, taxes, and deficits by the end of the year. both parties voted to set this deadline. and i believe that both parties can work together to make these decisions in a balanced and responsible way. yesterday, i had a chance to meet with labor and civic leaders for their input. today i meet with c.e.o.'s of some of america's largest companies. and i'll meet with leaders of both party of congress before the week is out because there's only one way to solve the channels and that is to do it together. as i've said before, i'm open to compromise and i'm hope to new ideas. and i've been encouraged over the last week to hear republican after republican agree on the need for more revenue from the wealthiest americans as part of our arithmetic if we're serious about reducing the deficit. because when it comes to taxes, there are two pathways available. option one, if congress fails to act by the end of this year, everybody's taxes will automatically go up, including the 98% of americans who make less than $250,000 a year and the 97% of smal
that requires us to make some big decisions on jobs, taxes, and deficits by the end of the year. both parties voted to set this deadline. and i believe that both parties can work together to make these decisions in a balanced and responsible way. yesterday, i had a chance to meet with labor and civic leaders for their input. today i meet with c.e.o.'s of some of america's largest companies. and i'll meet with leaders of both party of congress before the week is out because there's only one way...
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Sep 8, 2012
09/12
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washington's budget deficit that year was $7 billion. from $7 billion then to a $1.2 trillion deficit this year. for every year since he took office, president obama has spent at least a trillion dollars more than washington took in. all of it borrowed. under his watch, government spends too much, borrows too much, and grows bigger every day.
washington's budget deficit that year was $7 billion. from $7 billion then to a $1.2 trillion deficit this year. for every year since he took office, president obama has spent at least a trillion dollars more than washington took in. all of it borrowed. under his watch, government spends too much, borrows too much, and grows bigger every day.
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May 30, 2012
05/12
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and you don't establish trust when you know you have a deficit and instead of dealing with that deficit honestly you take out the credit card and say, i want to make myself look good politically, so our kids will pay $156 million more in interest. that doesn't establish trust. i was elected in 2004 as mayor. it was a deeply, deeply divided election. i reached out to people who did not support me. i did not try to punish my political enemies. because if you're mayor or governor, you have to be the executive for the entire jurisdiction. scott won with 52%. you would have thought he won with 92%. the first step he took, punish his enemies. that's easy to do. it's easy to punish your enemies, but it doesn't bring people together. the job of an executive is to try to work to get things done. and it can't be -- it's my way or the highway. it's my way or the highway. it can be just and ideological litmus test and we don't care what the practical results are. i want to work with people. and my style has never been that i make myself look big by making someone else look small. when i try to push
and you don't establish trust when you know you have a deficit and instead of dealing with that deficit honestly you take out the credit card and say, i want to make myself look good politically, so our kids will pay $156 million more in interest. that doesn't establish trust. i was elected in 2004 as mayor. it was a deeply, deeply divided election. i reached out to people who did not support me. i did not try to punish my political enemies. because if you're mayor or governor, you have to be...
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nations agreeing to a german fiscal rule that would limit deficits and a new bailout fund as the e.u. works to rein in its less responsible members the kaiser report looks at what got them in the mess in the first place max and stacey and their take on the strange and wonderful world of finance coming your way next hour. zombie debt or a zombie debtor is a noun and indebted consumer who is only able to pay the debt interest each month so here you have the two pillars of society zombie debtors who never escaped and clown bankers who never have to pay debt so the zombies and clones yep wherever there is a zombie debt or you can be sure there's a zombie creditor and as zombie central bank are feeding them all. because report next hour here on now though and a touch or joins us next with the first. almost twenty five minutes past two pm here moscow you're watching business on our . emerging market currencies a seeing the best start of the year since the turn of the century the russian ruble along with the mexican peso and the brazilian ryall how the foreign currencies from major developed
nations agreeing to a german fiscal rule that would limit deficits and a new bailout fund as the e.u. works to rein in its less responsible members the kaiser report looks at what got them in the mess in the first place max and stacey and their take on the strange and wonderful world of finance coming your way next hour. zombie debt or a zombie debtor is a noun and indebted consumer who is only able to pay the debt interest each month so here you have the two pillars of society zombie debtors...
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Jul 1, 2012
07/12
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CSPAN2
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. >> deficit. >> our deficit is decreased because of of it. what actually does happen? who gets taxed, who pays for it? >> president obama laid out as, actually, his number one principle on this bill, it was sort of an odd place to start, but that this should not increase the deficit. that was a critical component. now, to make this bill work, we had to spend about a trillion dollars. so over the next decade. so we had to raise, we had to reduce spending or raise revenues. so what the bill does is really several things. first of all, it cuts excessive reimbursement to private health insurers that insure the medicare population. due to a bill passed under the bush administration, we were paying $1.17 for every dollar they spent on insuring medicare recipients. that raised about $250 billion. we raised about another $300 billion by reducing reimbursement to hospitals that treat medicare patients. so about half of it was cuts and spending. but half of it is increase in revenues. those increase in revenues come primarily from two sources. one is n
. >> deficit. >> our deficit is decreased because of of it. what actually does happen? who gets taxed, who pays for it? >> president obama laid out as, actually, his number one principle on this bill, it was sort of an odd place to start, but that this should not increase the deficit. that was a critical component. now, to make this bill work, we had to spend about a trillion dollars. so over the next decade. so we had to raise, we had to reduce spending or raise revenues. so...
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government budget deficits do they matter of course but looking at the fiscal cliff debate it actually seems most seem to agree with that statement i just made though folks may disagree on the best way or time to address them here's the but is this framework misguided well yes according to supporters of m.m.t. at least as far as i can tell it's a theory we've been hearing more and more about over the years some guests on this show have revealed shades of it but we haven't really gotten into a discussion about it now some press attention has been given more it seems in the last year or so here's an article from the washington post modern monetary theory an unconventional take on economic strategy and further in this off article it talks about deficit our walls and so not hawks or does but owls now where did this term come from well according to the article it was coined by stephanie kelton a professor at the university of missouri at kansas city who with another gentleman talked about in the article is part of a small group of economists who have concluded that everyone members of congr
government budget deficits do they matter of course but looking at the fiscal cliff debate it actually seems most seem to agree with that statement i just made though folks may disagree on the best way or time to address them here's the but is this framework misguided well yes according to supporters of m.m.t. at least as far as i can tell it's a theory we've been hearing more and more about over the years some guests on this show have revealed shades of it but we haven't really gotten into a...
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Dec 31, 2012
12/12
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FOXNEWSW
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twice as large as the largest bush deficit. we are spending a trillion more a year than we were five years ago. we have to resolve dhou we continue to spend this money. we can wrap around how we get this spending down no amount of taxation is going to solve the problem. >> why is it there's a reluctance to identify where the spending cuts should go? no one wants to talk about the sacred entitlements but at some point we have to. if we are spending a trillion dollars a year and if the revenues are offset by the spending recommended by the president our grandchildren will be held hostage. >> get everybody back to work. we did not pay for the cost of the war. president bush should have done that. both were declared during his administration. that cost is enormous. huge pay out to health insurance unemployment compensation and so forth because the wholly con me went to pot. of course spending would go up. having responsible legislation is so important. it starts if the congress has been a part of economic growth in this country. hu
twice as large as the largest bush deficit. we are spending a trillion more a year than we were five years ago. we have to resolve dhou we continue to spend this money. we can wrap around how we get this spending down no amount of taxation is going to solve the problem. >> why is it there's a reluctance to identify where the spending cuts should go? no one wants to talk about the sacred entitlements but at some point we have to. if we are spending a trillion dollars a year and if the...
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Dec 3, 2012
12/12
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KTVU
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based off the simpson bowles commission, his own deficit reduction commission. he knows what our proposals are and what we are willing to do. what we don't know, chris, is what is the president willing to do? >> chris: well, let me ask you specifically about that. is it true, it is said -- we have never seen a piece of paper. is it true that the president offered to raise the eligibility age for medicare and slow cost of living adjustments for social security when you were in your debt talks in august of 2011? >> it was on the table. did the president agree to it... he may have been close to an agreement to it. if he agreed to it, we might not have this problem today. >> chris: is that on the table now. >> of course it is. >> chris: no, from their point of view? >> listen, there are a lot of items on the table. the president knows what they are. the question is, what are they willing to do. >> chris: you are starting to have political problems, because you are starting to have splits in your ranks, i don't have to tell you you one of the top congressional republ
based off the simpson bowles commission, his own deficit reduction commission. he knows what our proposals are and what we are willing to do. what we don't know, chris, is what is the president willing to do? >> chris: well, let me ask you specifically about that. is it true, it is said -- we have never seen a piece of paper. is it true that the president offered to raise the eligibility age for medicare and slow cost of living adjustments for social security when you were in your debt...
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to me it's mounting the pressure for the deficit cuts that spanish government looks set to pass the most the approaches to greece the latest from the streets of madrid very shortly. with arab league members meeting in baghdad very patient a balance to deal with the syrian crisis while some advocate of play with the others on rebels the way in which. the five member blocks of the brics countries are meeting in delhi today to discuss an alternative to the almighty euro and dollars in their bid to reform the global economy. it's a pleasure to have you with us here today i'm live in moscow tens of thousands of people across spain a gathering for a general strike to protest against new labor reforms it's being is seen as the real of first test for the new prime minister mariano rajoy whose government has only been in office for the past three months the strike comes a day before he's expected to announce yet more painful austerity measures course want to drink aggrieved now reports from. some people are already breaking through into the main square just behind me a small but very vocal and or
to me it's mounting the pressure for the deficit cuts that spanish government looks set to pass the most the approaches to greece the latest from the streets of madrid very shortly. with arab league members meeting in baghdad very patient a balance to deal with the syrian crisis while some advocate of play with the others on rebels the way in which. the five member blocks of the brics countries are meeting in delhi today to discuss an alternative to the almighty euro and dollars in their bid to...
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Sep 11, 2012
09/12
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KNTV
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>> he knows he will be unpopular if he takes on some of the big cuts off dealing with the budget deficit. he understands he will have to perhaps even cause a revolt among conservatives. and i think he is open to the idea that political prospects is not something he is going to have to worry about. he wants primarily to get a deal, send the signal out, even if it is just one term. >> david gregory in the d.c. bureau, as always, thanks. >>> and a crisis in the civil war in syria. it is taking an enormous human toll tearing families apart, as this kind of human tide leaves the country to run from the violence, many are crossing into jordan, nbc's ann curry saw the crisis today from inside one of the many refugee camps today. she is live for us there, ann, good evening. >> reporter: that is right, good evening to you. no question the war in syria is intense. the government is attacking civilians using war planes, with refugees flooding out of the country, more than 240,000 people fled the borders there in syria, including here, into jordan. danger never sleeps along the border between syria
>> he knows he will be unpopular if he takes on some of the big cuts off dealing with the budget deficit. he understands he will have to perhaps even cause a revolt among conservatives. and i think he is open to the idea that political prospects is not something he is going to have to worry about. he wants primarily to get a deal, send the signal out, even if it is just one term. >> david gregory in the d.c. bureau, as always, thanks. >>> and a crisis in the civil war in...
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Sep 1, 2012
09/12
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CSPAN
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last year, you know, congress pledged to find a plan to reduce the deficit. and they said if they couldn't agree, there would be big cuts across the board, including defense. but understand nobody wants these cuts. that's why congress threatened them, to force themselves to make our decisions. well, here's the thing -- there's no reason those cuts should happen. because folks in congress ought to come together and agree on a responsible plan that reduces the deficit and keeps our military strong. that's what needs to happen. that's what you and your families deserve and that's how we're going to keep america safe and strong and grow our economy all at the same time. that's a pledge that we need to make to you. just as we give you the best equipment and technology on the battlefield, we ought to give you the best support and care when we come home. we just had a roundtable with some soldiers and their families talk ugh about how coming home can be its own struggle, especially for our wounded warriors, so we poured tremendous resources into this effort, unprece
last year, you know, congress pledged to find a plan to reduce the deficit. and they said if they couldn't agree, there would be big cuts across the board, including defense. but understand nobody wants these cuts. that's why congress threatened them, to force themselves to make our decisions. well, here's the thing -- there's no reason those cuts should happen. because folks in congress ought to come together and agree on a responsible plan that reduces the deficit and keeps our military...
WHUT (Howard University Television)
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Sep 28, 2012
09/12
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WHUT
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the aim is to reduce the fiscal deficit by $39 billion. this will be achieved through an increase in the value-added tax rate introduced early this month. and a new tax on lottery winners. with the new budget the government aims to cut the deficit to 4.5% of the gross domestic product in 2013. it aims to lower the rate to less than 3% in 2014 to fulfill its pledge to the european union. but observers say the government may face difficulties to achieve its reduction target this year. they cite sluggish growth in tax revenue due to deteriorating economy that is worse than many analysts had expected. >>> the world's auto makers unveiled their next generation eco-friendly concept cars at the paris motor show. the exhibition opened to the media on thursday, over 270 companies are taking part this year. germany's porsche and bmw debuted concept cars with eco friendly features. models include plug-in hybrids charged from household power out lets. nissan revealed the concept car, powered by fuel cells. the terra comes with a tablet device that ser
the aim is to reduce the fiscal deficit by $39 billion. this will be achieved through an increase in the value-added tax rate introduced early this month. and a new tax on lottery winners. with the new budget the government aims to cut the deficit to 4.5% of the gross domestic product in 2013. it aims to lower the rate to less than 3% in 2014 to fulfill its pledge to the european union. but observers say the government may face difficulties to achieve its reduction target this year. they cite...
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Dec 7, 2012
12/12
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CSPAN2
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the deficit and debt will improve as 34%. but the one thing they are certain is that taxes will increase. and in the next four years how it affected you think the federal government will be on each of the following issues. we read a list of these issues, we rotated those. this is how it basically stacks up. ensuring long-term future of entire programs such as social security and medicare, 65%. 64% creating jobs, 64% improving public education, growing the economy, creating a business environment that allows for innovation. lowering the federal deficit actually false down to 40. not as much confidence there as a part on the other side. we been said the training faces a number of challenges including but not limited to large budget deficits, national debt, slower economic recovery, high unemployment, deep political divide on many issues. do you believe we will overcome these challenges in the foreseeable future as we've done in the past, or do you think these are unique set of challenges that are so serious that we might not be
the deficit and debt will improve as 34%. but the one thing they are certain is that taxes will increase. and in the next four years how it affected you think the federal government will be on each of the following issues. we read a list of these issues, we rotated those. this is how it basically stacks up. ensuring long-term future of entire programs such as social security and medicare, 65%. 64% creating jobs, 64% improving public education, growing the economy, creating a business...
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Apr 14, 2012
04/12
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WETA
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in these campaigns, it's all about minimizing the deficits you have and maximizing the advantages that you have and turning that on the other opponent. so i think that that's something you'll definitely see the roll any campaign doing. gwen: let's move on to the broader picture so we can now take stock of who these two candidates really are. john harris writes in politico that obama and romney are more alike than either is likely to admit. make your case, john. >> if there's one thing that we've all written and i think we all to some extent believe is that we are living in an angry desave -- divisive polarizing age. we have plenty of examples of people who have ridden waves by tapping into that grievance. but we have these two nominees. we know what the general election contest is. that couldn't be further from the truth. we have two sort of cool, rationale men, who are going to -- rational men who are going to present themselves as more partisan than they actually are. in the case of both we have long records that make clear fundamentally what drives these men, who do drop different o
in these campaigns, it's all about minimizing the deficits you have and maximizing the advantages that you have and turning that on the other opponent. so i think that that's something you'll definitely see the roll any campaign doing. gwen: let's move on to the broader picture so we can now take stock of who these two candidates really are. john harris writes in politico that obama and romney are more alike than either is likely to admit. make your case, john. >> if there's one thing...
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Nov 21, 2012
11/12
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KRCB
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last month's deficit came to about $6.7 billion. exports fell by 6.5% from a year earlier. that's in yen terms. japan's exports have fallen for five months in a row. cars and steal led the drop last month. imports also fell by 1.6% from a year earlier. now, by dtination europe tumbled by 20% as the region's debt crisis continues to dampen demand. exports to china fell by over 11.5% and anti-japan sentiment dented demand for japanese goods. now let's get a check on the markets. on the tokyo foreign exchange, the dollar is gaining ground against the yen hitting the highest level in just about seven months. dollar yen is currently changing hands at 81.84 to 88 taking a look at the euro/yen, that is also at a six-month high. euro/yen 104.87 to 88. sources say many currency traders expect the bank of japan to deliver mormon tear easing because the central bank gave a cautious outlook for the japanese economy. let's get a check on stocks. japanese share prices are trading higher on the weaker yen this morning. the nikkei average currently 9,218, a gain of over 8/10 of a percent f
last month's deficit came to about $6.7 billion. exports fell by 6.5% from a year earlier. that's in yen terms. japan's exports have fallen for five months in a row. cars and steal led the drop last month. imports also fell by 1.6% from a year earlier. now, by dtination europe tumbled by 20% as the region's debt crisis continues to dampen demand. exports to china fell by over 11.5% and anti-japan sentiment dented demand for japanese goods. now let's get a check on the markets. on the tokyo...
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Nov 17, 2012
11/12
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WMPT
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he explained why it's in our collective interest to get the deficit settled so we can do other things. the meetings show that the president last year had a very inside the white house strategy. he and john boehner sat down and the president had a beer and john boehner had his red wine and they got nowhere. the president is going to be much more visible this time. he is going to build a campaign for his position. we have already seen some people move from the obama presidential campaign to organizations that are standing behind him to raising taxes on the rich. this will be a much more public negotiation, or at least this part of it, and meeting with this people provides great theater for that public. >> didn't nancy pelosi say today they would have milestones along the way and that there might be miniature goals as we get to the end? >> yes. >> how do you see that playing out? >> well, i think that this, again -- gwen: is this part of the public? >> this is a sign they have to get this done. there is nobody right now on either side of the aisle who wants to see this happen. i think wh
he explained why it's in our collective interest to get the deficit settled so we can do other things. the meetings show that the president last year had a very inside the white house strategy. he and john boehner sat down and the president had a beer and john boehner had his red wine and they got nowhere. the president is going to be much more visible this time. he is going to build a campaign for his position. we have already seen some people move from the obama presidential campaign to...
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Oct 18, 2012
10/12
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CURRENT
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bush said he would close the deficit by cutting taxes, and the deficit went up. now mitt romney said he will close the deficit by cutting taxes. what do you think will happen to the deficit if romney got to implement his plan? but whether he's climbing everest, scuba diving the great barrier reef with sharks or jumping into the market he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things like what the market is doing and being ready, no matter what happens which isn't rocket science. it's just common sense from td ameritrade. but when joint pain and stiffness from psoriatic arthritis hit even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections tubercul
bush said he would close the deficit by cutting taxes, and the deficit went up. now mitt romney said he will close the deficit by cutting taxes. what do you think will happen to the deficit if romney got to implement his plan? but whether he's climbing everest, scuba diving the great barrier reef with sharks or jumping into the market he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things like...